#6 - Galaxy Resources (OTCMKTS:GALXF)
If you’re willing to go even more speculative, you should consider Galaxy Resources (OTCMKTS:GALXF). By any definition, GALXF is a penny stock. Often times, penny stocks are that way for a reason. So any investment in Galaxy Resources needs to come with the caveat “let the buyer beware.”
However, like all lithium stocks, Galaxy has received a significant post-election boost. The question now is if they can hold those gains.
The bullish point of view points to the company’s diversified portfolio. Like Lithium Americas, Galaxy has a project in the lithium triangle area of Argentina. The company’s Sal de Vida project is what makes GALXF worth an investor’s time at the moment.
As EV manufacturers move into production mode, they will be paying particular attention to supply chain stability. And that’s another box that Galaxy Resources can check. In addition to its Sal de Vida project, the company has projects in its home country of Australia and Canada.
About Galaxy Resources
Galaxy Resources Ltd. engages in production of lithium concentrate and exploration of mineral properties. It operates through the following segments: Corporate, Australia, Argentina and Canada. The Australia segment includes the development and operation of the Mt Cattlin spodumene mine, and exploration for minerals.
Read More - Current Price
- $3.57
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
